Well I don't think it is so much regional pricing, but different effective prices in different regions. The way different currencies vary against each other and are rounded up and down can create slight discrepancies.
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I wonder the same thing all the time when I look at Steam market prices. The price for a sack of gems is currently $0.53 and there are thousands for sale, but if you look back at the sale history, it shows huge spikes to over $4 on a regular basis for the past month. There is no way they are selling for that much.
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Could it be someone just put it on the market for 0.03 and steam just matches it to the same price that people have put offers for?
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OK so its not that. Probably due to the reasons as others have said.
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Yesterday, I put a buy order for a trading card for 0.04 €. The best sell offer at the time was 0.05 € and the best buy one was 0.03 so I was the only one at 0.04. Today, I still haven't got the card but the card graph shows that one was sold a few hours ago for 0.03. How is that possible?
It's happened a few times and I still can't wrap my head around it. Thanks if you have any ideas.
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